The Wright family announced Tuesday it has accepted requirements laid out by the city of Cleveland for potential development of Project River, a proposed $11.3 billion industrial campus on land the family owns in Bradley County.
The city of Cleveland is finalizing a draft of an ordinance for a planned unit development, which will create a customized zoning for the project. The city plans to release the draft Sept. 18, and no voting or action is expected on the draft until October at the earliest, according to a city press release Friday.
Project River would include a 500-megawatt woody biomass power plant, a 1,000-megawatt gas-fired power plant and an industrial customer to buy and use the electricity, likely a large data center. The project area covers more than 800 acres in North Bradley County along the Hiwassee River.
The city included several guardrails for Project River in the ordinance, including:
— 500-foot setback from the property line for a data center